Savers Value Village (SVV) to Release Quarterly Earnings on Thursday

Savers Value Village (NYSE:SVV) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Savers Value Village has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The business had revenue of $396.70 million during the quarter, compared to analyst estimates of $391.13 million. Savers Value Village had a net margin of 2.47% and a return on equity of 2.88%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. On average, analysts expect Savers Value Village to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Savers Value Village Stock Performance

Shares of NYSE:SVV traded down $0.14 during midday trading on Tuesday, hitting $10.19. The company’s stock had a trading volume of 6,663 shares, compared to its average volume of 721,570. Savers Value Village has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 44.91 and a beta of 1.59. The stock’s 50 day simple moving average is $9.92 and its 200 day simple moving average is $11.55. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.87 and a current ratio of 1.03.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SVV shares. The Goldman Sachs Group downgraded Savers Value Village from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $14.00 to $10.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded Savers Value Village from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. Robert W. Baird decreased their target price on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Loop Capital decreased their target price on Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Piper Sandler decreased their target price on Savers Value Village from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

About Savers Value Village

Savers Value Village, Inc sells second-hand merchandise in retail stores in the United States, Canada, and Australia. It operates stores under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique, and 2nd Avenue brands. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners and then processes, selects, prices, merchandises, and sells them in its stores.